Thursday 22 September 2022

@AlliesFin Serve Stock Market's Post

*Business News Headlines*

*Economic Times :*

Ø M&M Financial leases 275,000 sq ft office space near BKC

Ø RIL CFO to sell/gift 3.5 lakh shares next year

Ø FPIs cut exposure to IT exporters in favour of auto, telecom companies

Ø Adanis encumber shares of Ambuja, ACC with lenders

Ø Pepperfry to file draft IPO papers next quarter, FY22 revenue crosses pre-Covid levels

Ø Volkswagen to hike prices by up to 2 per cent from Oct 1

Ø HDFC Bank signs multi-year data and technology deal with Refinitiv

Ø No intention to stifle innovation or penalise fintech lenders: RBI Governor Shaktikanta Das

Ø Vedanta's Rs 1.54 lakh crore semiconductor plans won't chip away at liquidity: S&P

Ø Adani pledges stake worth $13 billion in newly acquired ACC, Ambuja Cements

Ø Government forms committee to regulate marketing practices of pharma companies

Ø Asian Hotels (West) to undergo insolvency proceedings


*Business Standard :*

Ø Sebi working on new ASBA-like payment system for secondary trades: Buch

Ø Reliance Brands in advanced talks to acquire Sephora's India rights

Ø CBI arrests ABG founder Rishi Agarwal in Rs 22,842-cr bank fraud case

Ø Ethanol purchase price may be hiked by up to Rs 2 per litre next year

Ø India to push big for multilateral reforms of WTO, IMF as G20 Chair

Ø Centre to relax rules, fast-track new measures for oil & gas exploration

Ø Reports of request for windfall tax review misleading: Oil ministry

Ø DGCA orders SpiceJet to continue operating at 50% capacity till Oct 29

Ø The $1.3 billion Amara Raja Group sets sights on EV batteries now

Ø Crisil sees banks’ GNPAs touching decadal low of 4% by FY24


*Financial Express :*

Ø ADB cuts India’s GDP forecast for FY23 to 7pc on elevated inflation, monetary tightening

Ø Rice exports may decline by a quarter in FY23

Ø Centre to exceed 7.5 trillion capex target for FY23

Ø Adani Green commissions 325-MW wind power project in Madhya Pradesh

Ø Lupin launches generic Suprep Bowel Prep Kit in United States

Ø Former RBI deputy governor, Zomato chairman join BharatPe board

Ø Govt mulls ‘work from home’ for all SEZ employees

Ø Offline food, grocery retailers to see 20% revenue growth

Ø Mother Dairy expecting 20 pc revenue growth in FY23 to Rs 15,000 crore
By: via @AlliesFin Serve Stock Market

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*India Daybook – Stocks in News* *Kirloskar Oil:* Net profit up 86.1% at ₹146.8 cr vs ₹78.9 cr (YoY) Revenue up 20% at ₹1,660 cr vs ₹1,383...